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City Bounce Back to Drive Property Market Momentum

Financial business paper City A.M. has reported record employment levels in the City. Worker numbers in the financial and
professional services have grown to over 700,000 (more than 3% growth over the
past year).

The report shows that professional services employees now
outnumber those in the financial sector with accounting and management consultancy
seeing headcount growth of over 250,000.

The additional numbers coupled with reducing levels of
office supply lie behind record levels of Q3 office take-up; and suggest continuing momentum in lettings
and upward pressure on rental levels.